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Palm Hills to break ground on EGP 65 bn development in mid-2024
The developer is also eyeing a EGP 5.5 bn loan to finance its Badya project
Egypt to expand ties with African infrastructure investment platform + Tougher penalties for harassers approved
MPs approved two decrees that will see Egypt join the platform’s project development and project finance arms
Standard Chartered to set up shop in Egypt by the end of the year
The British multinational lender tapped Mohammed Gad to run the Egyptian branch last week
Pico and Kufpec want to invest USD 119.5 mn in Gulf of Suez exploration. PLUS: Equinox ups stake in Rameda, UAE embassy move, power generator plant
The two companies also requested 20-year licenses for the concession
Schneider is investing EUR 8 mn in the local market before year end. PLUS: Prime, Vestas, petrochemical industry, Kharafi, Cofra, Heliopark
Schneider Electric plans to invest EUR 8 mn in the local market
More funding for Cairo Metro Line 4?
The NTA wants to secure an EGP 17 bn loan from local banks for Cairo Metro Line 4
More funding from the AfDB. PLUS: ICON is heading to Saudi and we’re in for Indian, and German investments
The AfDB plans to lend us USD 349 mn before the end of the year
EFG Hermes-backed education firm could enter Saudi market. PLUS: Vortex has so far invested EUR 300 mn in Ignis
EEP could roll out its own brands in KSA or acquire and invest in new brands
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